mee growers ltd

mee growers ltd Company Information

Share MEE GROWERS LTD
Live 
EstablishedMicroLow

Company Number

07089572

Industry

Post-harvest crop activities

 

Shareholders

zoe aileen mee

peter stephen mee

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Group Structure

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Contact

Registered Address

lyveden farm fotheringhay road, nassington, peterborough, PE8 6QX

Website

-

mee growers ltd Estimated Valuation

£37.2k

Pomanda estimates the enterprise value of MEE GROWERS LTD at £37.2k based on a Turnover of £171.8k and 0.22x industry multiple (adjusted for size and gross margin).

mee growers ltd Estimated Valuation

£17.5k

Pomanda estimates the enterprise value of MEE GROWERS LTD at £17.5k based on an EBITDA of £8.3k and a 2.12x industry multiple (adjusted for size and gross margin).

mee growers ltd Estimated Valuation

£7.5k

Pomanda estimates the enterprise value of MEE GROWERS LTD at £7.5k based on Net Assets of £6.2k and 1.22x industry multiple (adjusted for liquidity).

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Mee Growers Ltd Overview

Mee Growers Ltd is a live company located in peterborough, PE8 6QX with a Companies House number of 07089572. It operates in the post-harvest crop activities sector, SIC Code 01630. Founded in November 2009, it's largest shareholder is zoe aileen mee with a 33.3% stake. Mee Growers Ltd is a established, micro sized company, Pomanda has estimated its turnover at £171.8k with low growth in recent years.

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Mee Growers Ltd Health Check

Pomanda's financial health check has awarded Mee Growers Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £171.8k, make it smaller than the average company (£34.3m)

£171.8k - Mee Growers Ltd

£34.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.6%)

3% - Mee Growers Ltd

9.6% - Industry AVG

production

Production

with a gross margin of 4.6%, this company has a higher cost of product (6.8%)

4.6% - Mee Growers Ltd

6.8% - Industry AVG

profitability

Profitability

an operating margin of 4.8% make it more profitable than the average company (1.4%)

4.8% - Mee Growers Ltd

1.4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (31)

2 - Mee Growers Ltd

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.8k, the company has an equivalent pay structure (£40.8k)

£40.8k - Mee Growers Ltd

£40.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85.9k, this is less efficient (£756.6k)

£85.9k - Mee Growers Ltd

£756.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (36 days)

16 days - Mee Growers Ltd

36 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Mee Growers Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mee Growers Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Mee Growers Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.5%, this is a lower level of debt than the average (61.9%)

19.5% - Mee Growers Ltd

61.9% - Industry AVG

MEE GROWERS LTD financials

EXPORTms excel logo

Mee Growers Ltd's latest turnover from March 2024 is estimated at £171.8 thousand and the company has net assets of £6.2 thousand. According to their latest financial statements, Mee Growers Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Turnover171,754157,932157,761155,873234,671322,347255,053233,11771,57756,089133,614213,19591,00169,715
Other Income Or Grants00000000000000
Cost Of Sales163,885150,894150,947150,018225,318308,483244,347223,53168,90554,046127,987203,94651,22146,234
Gross Profit7,8687,0396,8145,8549,35313,86510,7069,5872,6712,0435,6269,24939,78023,481
Admin Expenses-39611,39470315,7457,40620,5134,876-2,04616,84054,1507,055-44,113-673-123
Operating Profit8,264-4,3556,111-9,8911,947-6,6485,83011,633-14,169-52,107-1,42953,36240,45323,604
Interest Payable00000000000000
Interest Receivable00000003615519622318400
Pre-Tax Profit8,264-4,3556,111-9,8911,947-6,6485,83011,669-14,014-51,911-1,20653,54637,62221,530
Tax-2,0660-1,1610-3700-1,108-2,334000-12,851-7,617-4,521
Profit After Tax6,198-4,3554,950-9,8911,577-6,6484,7229,335-14,014-51,911-1,20640,69530,00517,009
Dividends Paid00000000000013,0000
Retained Profit6,198-4,3554,950-9,8911,577-6,6484,7229,335-14,014-51,911-1,20640,69517,00517,009
Employee Costs81,69475,46785,72872,98685,554120,77664,67779,66037,65329,68337,71929,11725,31328,278
Number Of Employees22222322111111
EBITDA*8,264-4,3556,111-9,8911,947-6,6485,83011,633-14,169-52,107-1,42953,36240,45323,604

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Tangible Assets00000000000000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets00000000000000
Stock & work in progress000000001,4772,4161,5281,2882,6973,261
Trade Debtors7,69822,16224,58418,24532,46530,21842,82038,0605,4367,57640,31956,53114,7927,003
Group Debtors00000000000000
Misc Debtors021320820717800000002054,174
Cash0000000028,65833,25945,09743,97729,6538,002
misc current assets00000267270266000000
total current assets7,69822,37524,79218,45232,64330,48543,09038,32635,57143,25186,944101,79647,34722,440
total assets7,69822,37524,79218,45232,64330,48543,09038,32635,57143,25186,944101,79647,34722,440
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 013,04913,16911,77916,07915,49821,45521,41317,99111,6573,43917,0853,670899
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities0000000000009,6614,530
total current liabilities013,04913,16911,77916,07915,49821,45521,41317,99111,6573,43917,08513,3315,429
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income1,5002,058000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities1,5002,058000000000000
total liabilities1,50015,10713,16911,77916,07915,49821,45521,41317,99111,6573,43917,08513,3315,429
net assets6,1987,26811,6236,67316,56414,98721,63516,91317,58031,59483,50584,71134,01617,011
total shareholders funds6,1987,26811,6236,67316,56414,98721,63516,91317,58031,59483,50584,71134,01617,011
Mar 2024Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Operating Activities
Operating Profit8,264-4,3556,111-9,8911,947-6,6485,83011,633-14,169-52,107-1,42953,36240,45323,604
Depreciation00000000000000
Amortisation00000000000000
Tax-2,0660-1,1610-3700-1,108-2,334000-12,851-7,617-4,521
Stock0000000-1,477-939888240-1,409-5643,261
Debtors7,698-2,4176,340-14,1912,425-12,6024,76032,624-2,140-32,743-16,21241,5343,82011,177
Creditors0-1201,390-4,300581-5,957423,4226,3348,218-13,64613,4152,771899
Accruals and Deferred Income1,5002,058000000000-9,6615,1314,530
Deferred Taxes & Provisions00000000000000
Cash flow from operations0000-267-34-18,426-4,756-12,0348974,14037,48210,074
Investing Activities
capital expenditure00000000000000
Change in Investments00000000000000
cash flow from investments00000000000000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000-10,00200010,00002
interest00000003615519622318400
cash flow from financing0000000-9,96615519622310,18402
cash and cash equivalents
cash0000000-28,658-4,601-11,8381,12014,32421,6518,002
overdraft00000000000000
change in cash0000000-28,658-4,601-11,8381,12014,32421,6518,002

mee growers ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mee Growers Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for mee growers ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in PE8 area or any other competitors across 12 key performance metrics.

mee growers ltd Ownership

MEE GROWERS LTD group structure

Mee Growers Ltd has no subsidiary companies.

Ultimate parent company

MEE GROWERS LTD

07089572

MEE GROWERS LTD Shareholders

zoe aileen mee 33.33%
peter stephen mee 33.33%
miss emily zoe mee 16.67%
mr charles richard mee 16.67%

mee growers ltd directors

Mee Growers Ltd currently has 2 directors. The longest serving directors include Mr Peter Mee (Nov 2009) and Mrs Zoe Mee (Nov 2009).

officercountryagestartendrole
Mr Peter MeeEngland58 years Nov 2009- Director
Mrs Zoe MeeEngland58 years Nov 2009- Director

P&L

March 2024

turnover

171.8k

0%

operating profit

8.3k

0%

gross margin

4.6%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

6.2k

0%

total assets

7.7k

0%

cash

0

0%

net assets

Total assets minus all liabilities

mee growers ltd company details

company number

07089572

Type

Private limited with Share Capital

industry

01630 - Post-harvest crop activities

incorporation date

November 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

mee processing ltd (December 2024)

accountant

ELLACOTTS LLP

auditor

-

address

lyveden farm fotheringhay road, nassington, peterborough, PE8 6QX

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

mee growers ltd Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to mee growers ltd.

mee growers ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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mee growers ltd Companies House Filings - See Documents

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